The International Monetary Fund (IMF) has released the Third Progress Report on the implementation of the Third Phase of the G20 Data Gaps Initiative (DGI-3), in collaboration with the Inter-Agency Group on Economic and Financial Statistics (IAG) and the Financial Stability Board (FSB). The report outlines efforts since August 2024 to close important data gaps that affect policymakers' ability to shape economic and financial policies, support inclusive growth, address challenges from financial innovation, and respond to macroeconomic climate-related issues.
According to the IMF, “For the next year, the DGI-3 workplan prioritizes finalization or refinement of methodological frameworks and reporting templates—drawing, in some cases, on insights from test data collection exercises—as well as developing and disseminating (experimental) estimates. To further facilitate progress, the work program continues to include a global conference planned for June 2026, thematic workshops, webinars, consultations, and bilateral meetings—all essential for this collaborative global initiative. The IMF will, in close cooperation with the IAG and the FSB, continue to monitor the implementation of the DGI-3 and report progress to the G20 FMCBGs, annually.”
The recent Chair’s Summary from October 2025 by G20 Finance Ministers and Central Bank Governors acknowledged these advancements under DGI-3.
The Data Gaps Initiative began after a 2009 report by the FSB and IMF responded to requests from G20 leaders following the financial crisis. This led first to DGI-1. A second phase (DGI-2) started in September 2015 with goals for regular collection and dissemination of reliable statistics; it concluded in December 2021. In 2021, G20 Finance Ministers endorsed a new concept note for DGI-3. The plan was welcomed during meetings in October and November 2022 when leaders tasked international agencies with addressing identified gaps across fourteen recommendations.
Members of IAG include major institutions such as the Bank for International Settlements, European Central Bank, Eurostat, Organisation for Economic Co-operation and Development (OECD), STATAFRIC, United Nations, World Bank—and is chaired by the IMF. The FSB Secretariat also participates.